China Sandi Posts Heavy 2024 Loss on Property Revaluations and Inventory Write-downs
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China Sandi Holdings Ltd. reported a significant net loss of approximately RMB4.05 billion for 2024, down from RMB3.30 billion in revenue the previous year. The losses were attributed to a decline in the fair value of investment properties, substantial inventory write-downs, and increased finance costs. The results reflect the challenging environment for property-related businesses in China, with the company's market cap currently at HK$71.23 million. The technical sentiment signal indicates a strong sell.
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